How to Build Wealth by Refinancing Your Home Loan

2019-06-28T11:28:05+10:00

A third way that refinancing can help is that you may be able to substantially increase your long-term wealth. There are two extremely important concepts involved in this strategy that I will briefly outline: Compounding interest Salary sacrificing into superannuation I have previously discussed compound interest at length and how it is a Golden Rule [...]

How to Build Wealth by Refinancing Your Home Loan 2019-06-28T11:28:05+10:00

Refinance Your Mortgage to Own Your Home Sooner

2019-04-26T02:10:06+10:00

Did you know the first few years of your home loan repayments are just paying off the interest?  You are barely reducing the balance.  However, refinancing can tip the scales in your favour. The reason for this is that a home loan operates like compounding interest in reverse.  To understand what this means and why [...]

Refinance Your Mortgage to Own Your Home Sooner 2019-04-26T02:10:06+10:00

Debt Consolidation – Credit Cards and Personal Loans

2019-06-06T05:56:27+10:00

Usually private debt has a higher interest rate because the debt isn’t secured against an asset.  For example, your credit card debt has no asset ‘securing it’ that a lender can sell should you default on the debt. Car loans are cheaper than credit cards because there generally is an asset ‘securing’ the loan [...]

Debt Consolidation – Credit Cards and Personal Loans 2019-06-06T05:56:27+10:00

How Much Does Debt Actually Cost You?

2019-04-26T02:06:26+10:00

For anyone that pays tax, there is a big difference between the price of non-deductible debt and the price of deductible debt.  It is vitally important to understand the differences and how they can affect your efforts to eliminate bad debt and create wealth. Think of the two types of debt as outlined in the [...]

How Much Does Debt Actually Cost You? 2019-04-26T02:06:26+10:00